Wood Partners JV Breaks Ground on Atlanta-Area Community
The luxury property will come online in late 2023.
The joint venture of Wood Partners and CP Capital has broken ground on Alta North, a 310-unit luxury community in Cumming, Ga. The property is slated for completion in late 2023.
Located at the intersection of Georgia Highway 400 and Settingdown Circle in Forsyth County, the development site is approximately 45 miles from downtown Atlanta. The community will be part of a larger development that will include 15,000 square feet of commercial space and a new public road.
Upon completion, the three-story and 3/4 split buildings will encompass one- and two-bedroom apartments. Interiors are set to feature wood-style plank flooring, stainless steel appliances, granite countertops, washers and dryers, among others. Common-area amenities were designed to include a swimming pool, a pet spa, grilling stations, a clubhouse, a fitness center, a lounge area and coworking spaces.
With Alta North, the joint venture is continuing the expansion within the Metro Atlanta market, Wood Partners Managing Director Bennett Sands mentioned in prepared remarks. The firm has partnered with CP Capital on 22 development projects as of yet, most recently for the construction of Alta 99th, a 402-unit Class A community in Phoenix slated for a 2024 delivery.